The Pulse Index gained +1.7% for the week, recovering from the lows of the prior week’s outage period. But this was a week defined more by what happened to the data than what happened to the market: our listing monitor went offline for four days (Jul 29–Aug 1), came back with a data revision that trimmed historical removal records as rediscovered listings were reversed, and then delivered a strong rebound day on Friday before quieting into the weekend. Breadth was 8 of 14 watches up, and the smoothed EWMA finished at 99.34 — below 100 for the first time in a few weeks. Trading pace averaged just 157 sales per day, well below the 185 baseline, as the outage gap compressed the average. The underlying market feels rangebound.
| Watch | Week | Read |
|---|---|---|
| GMT Batman prev gen (116710BLNR) | +28.9% | ⚠️ Thin-sample artefact from outage-period windows — directionally up, magnitude unreliable |
| Daytona (116500LN) | +16.6% | Real recovery; Daytona has been the week’s most consistent gainer |
| Submariner No-Date (124060) | +8.0% | Purist demand steady; clean sample this week |
| Datejust 41 Smooth (126300) | −7.2% | Datejusts gave back their prior gains; the volume leader is now the week’s laggard |
| Datejust 41 Fluted (126334) | −6.7% | Same pattern as DJ Smooth — the high-volume entry tier softening |
| GMT Batman (126710BLNR) | −6.3% | The current-gen Batman giving back last week’s gains |
Confirmed sales averaged just 157/day against the 185 baseline, but the shape explains the number: Monday and Sunday contributed almost nothing (the outage period eliminated several days entirely), while Friday August 1 saw a sharp rebound to 303 confirmed sales and $5.3M in flow — the strongest single day since mid-July. Weekend volume then collapsed back to 109 on Sunday. The market wants to trade; the outage artificially suppressed the weekly total. Dollar flow averaged $2.4M/day including all the thin days; the typical Friday-style day is closer to $4–5M.